Standard Solar and Pivot Energy have expanded their partnership to co-develop five more community solar projects across Colorado.
This portfolio of projects, all featuring ground-mounted arrays, will have a combined installed generation capacity of 8.9MW. The first two projects in the expanded portfolio will begin construction at the end of this summer, while all five are expected to be completed by summer 2020.
Standard Solar will finance, own and maintain the community solar arrays that Pivot Energy will develop and construct. Once these projects are operational, customer enrollment and subscriptions will be managed through SunCentral, which serves as Pivot Energy’s proprietary community solar customer management interface.
Scott Wiater, president and CEO of Standard Solar, said: “Community solar is currently the hottest segment of the solar industry, and we see unlimited opportunities for growth, especially through strong partnerships like the one we have with Pivot Energy. We look forward to funding more opportunities in Colorado and nationwide with our in-house capital, making more projects – from 100kW to dozens of MWs – a reality.”
Together, these five projects are expected to produce 17,791,770 kWh of energy annually, which translates to offsetting the greenhouse gas emissions from 2,671 passenger vehicles driven for one year and the CO2 emissions from 1,507 homes’ energy use for one year.
Jon Sullivan, vice president of project development for Pivot Energy, added: “Pivot Energy is thrilled to partner with Standard Solar to bring more clean and affordable solar energy to residents, businesses, and communities in our home state. Pivot is committed to accelerating the country’s transition to a clean and distributed electric grid. The projects and partnership we have built with Standard Solar represent us getting one step closer to achieving that commitment.”
Back in October 2018, Pivot Energy and Standard Solar partnered on 13 community solar sites totaling 10.3MW in Colorado. The first 10 projects of that 13-site pipeline are now operational.
US solar prospects across all segments, from utility-scale to community PV, will take centre stage at Solar Media’s Solar & Storage Finance USA, to be held in New York on 29-30 October 2019